The global flat glass industry is expected to grow at a CAGR of 5.5% during the 2016-2021 period.

In this market, building construction glass, automotive glass, and specialty glass are some of the major segments of flat glass. On the basis of its comprehensive research, the report forecasts that the automotive glass and specialty glass segments are expected to show above average growth during the forecast period.

Within the global flat glass industry, the automotive glass segment is expected to remain as the largest market. Low interest rates and favorable taxation schemes are expected to drive vehicle sales, which would spur growth for this segment over the forecast period.

Asia Pacific is expected to remain the largest market due to increase in urbanization, growth in real estate sector and increasing investment by flat glass manufacturers within the Asia Pacific region. Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of increasing per capita income and strong housing demand.

For market expansion, the report suggests innovation and new product development to produce high-performance and energy efficient flat glass in an environmentally friendly manner. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for customers.